 6700 Beta Drive, Suite 300
Mayfield Village, OH 44143
Phone: 440/684-9700
| Fax: 440/684-9760
www.ercnet.org |
www.northcoast99.org |
www.erchealth.com
Contact: Marty Mordarski, Director of Research & Membership, mmordarski@ercnet.org
Press Release
Wednesday, April 23, 2008
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Small Employers Net Higher Profit-per-Employee
Cleveland– According to the 2008 National HR Metrics Survey, recently released by ERC (Employers Resource Council), small employers net the highest average profit-per-employee, a measure of organizational effectiveness and efficiency. Over 640 U.S. employers were surveyed for this report.
Employers with fewer than 500 employees reported an average profit-per-employee of more than $120,000, which was higher than those organizations with over 500 employees. The smallest employers in the study, those with fewer than 100 employees, reported over $40,000 more in profit-per-employee than those with an excess of 1000 employees and over $80,000 more in profit-per-employee than those organizations with between 501 and 1000 employees.
Number of Employees |
Average Profit-per-Employee |
1-100 |
$156,968 |
101-500 |
$120,170 |
501-1000 |
$74,773 |
1000+ |
$116,129 |
Additionally, among the industries reporting the highest average profit-per-employee were financial services, wholesale and retail trade, utilities, and education. Organizations in the hospitality industry reported the lowest average profit-per-employee ($18,102).
Industry |
Average Profit-per-Employee |
Financial |
$339,831 |
Wholesale & Retail Trade |
$275,002 |
Utilities |
$199,477 |
Education |
$181,157 |
To purchase the 2008 National HR Metrics Survey, please contact surveys@ercnet.org or visit www.ercnet.org/survey/purchase.asp.
ERC is Northeast Ohio’s largest organization dedicated to HR and workplace programs, practices, training and consulting. The organization also hosts NorthCoast 99 and sponsors the ERC Health insurance program. For more information about ERC, check out www.ercnet.org.
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